‘The chance of gain is by every man more or less overvalued, and the chance of loss is by most men undervalued.’ – Adam Smith, Wealth of Nations. 2017 marked the year that Bitcoin, a virtual “cryptocurrency”, exploded in value with recent prices as high as $18,000 AUD creating a whole new generation of millionaire…
“The only function of economic forecasting is to make astrology look respectable.” – John Kenneth Galbraith Abstract: The numbers are astronomical. The worldwide debt is beyond comprehension. The great ‘recovery’ post-2008 never happened. The only thing looking good at the moment is the stock market as company buybacks are at record highs due to low-interest rates…
It’s been some years since I seriously attempted to study software development in any degree of detail, however, I still remember vividly thinking “humans will never make a viable AI (artificial intelligence)”. Having a basic understanding of how software worked, how machines crunched problems, along with a general understanding of our own lack of understanding…
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” Thomas Jefferson Democracy is projected by many as the pinup boy of a truly liberated society. While the notion of the people ruling themselves often results in…
The New England Futures Group is a regionally located think-tank with the goal of seeing rural communities grow and flourish. NEFG is formed by a diverse range of people from a range of backgrounds united on the goal to grow our local communities and to think through ways in which local governments can be serving…
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Economic books are written throughout the times of prosperity and generally re-written after a crisis. Venezuela is no exception. For a while Politicians, Actors and Nobel prize-winning Economists alike praised Venezuela’s President Hugo Chavez for his socialist policies, his attention to the poor, his dedication to health care and education. But not anymore. No one is praising…
“Truth, of course, must of necessity be stranger than fiction, for we have made fiction to suit ourselves.” Gilbert K. Chesterton As a child I would spend large amounts of time playing with mirrors. I know, I know. It’s a strange choice of entertainment but the game that my cousins and I invented became a classic…
Armidale Regional Council has approved funding towards the 4 year Mall Vibrancy Plan. While the plan carries some much overdue changes to outdated and underperforming infrastructure, the changes reflect the current administration’s big city mentality, that is, anti-cars. It does nothing to improve accessibility and ultimately foot traffic to East Mall, an issue that many…
